Germany-based SMA Solar is to acquire Danfoss’ solar inverter business. Danfoss will acquire 20% of SMA’s shares with a value of €302 million (US$415 million) in return for selling its inverter unit.

German inverter maker SMA Solar Technology and Denmark’s Danfoss said they plan to enter a close strategic partnership, in which the engineering group will buy 20% of SMA’s outstanding shares for ...

Promising that a solar project will operate without interruption for more than 20 years is a selling point for the technology ...

SMA is the first inverter manufacturer to complete functional and safety testing with UL according to the UL 1741 SA (Supplement A) draft standard, which identifies inverter functions required for ...

It has been another impressive 12 months for solar inverter market leader SMA Solar, as it announces another notable milestone in the North American marker. It has now installed over 10 GW of ...

Kassel-based SMA reeled in an operating profit of €418.2m in first nine months of the year, compared to €120.8m during the same period in 2009. Inverters, seen as the PV sector’s principal bottleneck ...

SMA Solar Technology delivered strong financial results for fiscal year 2023, with group sales growing 79% and net income quadrupling. The company's large scale projects segment showed particularly ...

SMA sold inverters with a cumulative output of 13.6GW in 2021. Image: SMA Solar Technology. SMA Solar Technology’s sales for 2021 came in below prior expectations for the year as the inverter supplier ...

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), the creator of the world’s first operating system for artificial intelligence, aiWARE™, today announced development of a new device learning ...

SMA Solar Technology AG, the world’s largest maker of solar inverters, said Monday that it will locate its first manufacturing plant outside of Germany in Denver. SMA expects to employ about 300 ...

FRANKFURT, Jan 18 (Reuters) - SMA Solar, Germany's largest solar company, on Monday said it would start selling an inverter designed for home storage systems, aiming to tap a market expected to thrive ...